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Strategy-proofness and efficiency in a simple production economy

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Strategy-proofness and efficiency in a simple production economy

Shin, Sungwhee; Suh, Sang-Chul - In: Social Choice and Welfare 17 (2000) 3, pp. 523-532

We consider an economy with two agents, "firm" and "worker." The firm owns a technology which transforms a single input into a single output and the worker owns a limited amount of input good, for example, leisure. The firm is interested in profit measured in terms of output and the worker's...

Persistent link: https://www.econbiz.de/10005596439